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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 1)
Cade Industries, Inc.
(Name of Issuer)
Common Stock,$.001 par value
(Title of Class of Securities)
127382-10-9
(CUSIP Number)
Molly F. Cade
c/o Cade Industries, Inc.
Suite 120
2365 Woodlake Drive
Okemos, Michigan 48864
517-347-1333
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
With a copy to:
Conrad G. Goodkind, Esq.
Quarles & Brady
411 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
(414) 277-5000
October 31, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
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SCHEDULE 13D
I. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Molly F. Cade
II. Check the Appropriate Box if a Member of a Group
(a) [ ] (b) [ ]
III. SEC Use Only
IV. Source of funds
PF
V. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
VI. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
VII. Sole Voting Power
5,208,762 (includes 50,000 shares which may be acquired by options
exercisable currently or within 60 days)
VIII. Shared Voting Power
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IX. Sole Dispositive Power
5,208,762 (includes 50,000 shares which may be acquired by options
exercisable currently or within 60 days)
X. Shared Dispositive Power
-0-
XI. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
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XII. Percent of Class Represented by Amount in Row (11)
23.1%
XIII. Type of Reporting Person
IN
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ITEM 1. SECURITY AND ISSUER.
Name of Issuer and Address of Principal Executive Offices:
Cade Industries, Inc.
2365 Woodlake Drive, Suite 120
Okemos, Michigan 48864
Title of Security to which this statement relates:
Common Stock, $.001 par value ("Common Stock")
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c). This Amendment No. 1 to Schedule 13D is filed on behalf of Molly F.
Cade, an individual with a business office c/o Cade Industries, Inc. at 2365
Woodlake Drive, Suite 120, Okemos, Michigan 48864. Ms. Cade is a director of
Cade Industries, Inc. and is an educator for St. Michael's School.
(d) and (e). During the last five years Ms. Cade has not (i) been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f). Ms. Cade is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not Applicable.
ITEM 4. PURPOSE OF THE TRANSACTION.
Other than any changes arising from Ms. Cade's role as a director and member of
the Compensation Committee of Cade Industries, Inc., no material changes in the
issuer's assets, business or structure are contemplated by Ms. Cade and no
transactions of the type in Items (a)-(j) are contemplated. Although Ms. Cade
has no present
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plans to buy or sell, Ms. Cade reserves the right to buy or sell shares as her
investment needs change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b). As reported in the original Schedule 13D, Ms. Cade acquired
shares of Common Stock as a result of the death of her husband in 1986. Ms. Cade
holds directly 5,158,762 shares of Common Stock and has options exercisable
currently or within 60 days for 50,000 shares of Common Stock. Her husband owns
16,200 shares of Common Stock, which Ms. Cade disclaims beneficial ownership of.
This total of 5,208,762 shares represents approximately 23.1% of the outstanding
shares of the Company.
(c). There have been no transactions by Ms. Cade with respect to the Cade
Industries, Inc. Common Stock during the 60 days preceding the date of this
Schedule 13D.
(d). Not Applicable.
(e). Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings or relationships between
Ms. Cade and any other person with respect to any securities of Cade Industries,
Inc.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
accurate.
March 24, 1998
MOLLY F. CADE
/s/ Molly F. Cade
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